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Dec 3, 2012
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now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can still grow internally with some of the other partners out there. china looks like it's coming back. so yeah, maybe that will help. >> in china, you bring up one final good point as we wrap this up. china, many believe that it's reaching its soft bottom. i don't dispute that. i know if we look at shanghai composit composite, it doesn't necessarily reflect that. in the end, sideways movement at these gdp levels is still a headwind considering the growth china had four ye
now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking...
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Dec 19, 2012
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europe was up 12. adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally time? >> i want to click my heels, but these are soft reeboks. you wouldn't hear it. >> are we going to see that, finally, at last? >> the way people were coming on and saying it's going to zero. >> running for the exit. >> when was the euro dissolved and greece kicked out? what was the date? >> it happened just in reverse. >> it was overnight. >> we'll see. i can't believe 2013 will not hold a couple of moments where we go, ah. but it is amazing. nothing we can do. >> we're afraid spain is going to come -- spain was supposed to come to market. italy, oh, my, what happens whe
europe was up 12. adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8....
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Dec 18, 2012
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samsung withdrawing its patents in europe. there's also news about a judge refusing to place injunctions on the samsung items. apple still in there in terms of the patents. >> reporting that they'll use four square data to help fix mats, which would be a big step forward. a bit on toyota. i don't know if we'll hear from phil lebeau later this morning, but a fine for allegedly failing to report safety defects in a timely manner required by law. not the first time this has happened. it's the fourth fine in the past two years. automaker does not admit or deny guilt. but there's a look at shares a little bit higher this morning. >> let's check with bob pisani on the floor with more. good morning, bob. >> hello, guys. happy tuesday. of course, we saw a little bit of the drop in futures when corker came out and said we're not close to a deal. by and large, we're still positive here today. that's because everybody knows that a deal of some kind is coming. the president's offer is getting closer to the gop offer. the republicans are m
samsung withdrawing its patents in europe. there's also news about a judge refusing to place injunctions on the samsung items. apple still in there in terms of the patents. >> reporting that they'll use four square data to help fix mats, which would be a big step forward. a bit on toyota. i don't know if we'll hear from phil lebeau later this morning, but a fine for allegedly failing to report safety defects in a timely manner required by law. not the first time this has happened. it's...
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Dec 14, 2012
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europe seems to be fixed. it's fixed. even though they're in a bit of a recession, a lost generation in spain, are they really fixed? we'll ask mark grant the tough questions bottom of the hour. , we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> facebook experiencing its fourth lockup today. today 160 million shares hitting the market. our next guest is an author of the book "the facebook era" clara shih the president of a company that has enterprises with large store networks on facebook linked in and other social networks. welcome back and good to see you again. >> good to see you. thanks for having me. >> i wonder what your take is short
europe seems to be fixed. it's fixed. even though they're in a bit of a recession, a lost generation in spain, are they really fixed? we'll ask mark grant the tough questions bottom of the hour. , we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our...
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Dec 11, 2012
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this is all about the access to europe and heathrow, correct? >> it's really about the access to the uk/u.s. marketplace. it's by far, by 200%, the largest market between europe and the u.s. and delta's had about an 8% market share. with this transaction, we get to second place with about a quarter of the market. >> a lot of people looked at singapore air when it had 49%, which is what you're buying. they said singapore air never could really maximize the profit potential. what can you do that singapore air could not do? is it about that access between new york and london? >> yes. and it's about geography. singapore is a long way away from london. and the traffic flows between singapore and london are light. a couple hundred people a day between singapore and london. whereas the traffic flows between the u.s. and uk for business travelers represent $2 billion in annual revenue. so it's massive. massively larger, and the geography is a lot closer. >> you're expecting approval perhaps by the middle of next year. once that happens when will you say
this is all about the access to europe and heathrow, correct? >> it's really about the access to the uk/u.s. marketplace. it's by far, by 200%, the largest market between europe and the u.s. and delta's had about an 8% market share. with this transaction, we get to second place with about a quarter of the market. >> a lot of people looked at singapore air when it had 49%, which is what you're buying. they said singapore air never could really maximize the profit potential. what can...
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Dec 6, 2012
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europe overall economically is going nowhere. however you have these very strong corporate performances and shareholders are clearly making a lot of money on the germans and the french and some of the british as well. >> the market is not the economy, that may be one of the big lessons for the year. great stuff, simon, thank you, simon hobbs. >>> could a key jpmorgan executive be looking to jump shirt? kayla tausche has more. >> it's been a big year of musical chairs at jpmorgan, jeff staley was replaced at investment banking ceo in july and given a chairman title many onlookers looked at it as a swan song. in the six months, two financial services companies sought him out as a potential ceo, most recently legg mason, which has seen funds under management shrink by 40% since the last time staley was considered in 2008. talks have dissolved in the last month, a spokesperson says legg hopes to name a chief expeditiously. legg follows barclays which ousted its ceo following this summer's lie bore scandal. the board was set to see st
europe overall economically is going nowhere. however you have these very strong corporate performances and shareholders are clearly making a lot of money on the germans and the french and some of the british as well. >> the market is not the economy, that may be one of the big lessons for the year. great stuff, simon, thank you, simon hobbs. >>> could a key jpmorgan executive be looking to jump shirt? kayla tausche has more. >> it's been a big year of musical chairs at...
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Dec 17, 2012
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it's fascinating to look back towards europe. many hedge funds forsaking some of their short positions on the french fixed income market. and so their rates are moving a bit lower, as that buying comes in. but look at how the boon has such a different pattern. still a lot of anxieties in the european sector. there's going to be a lot of protests in spain, for example, today. foreign exchange, if we look at the dollar/yen, we look how quantitative easing is going to be a much more enhanced program in japan after the elections. you can clearly see how the dollar has performed quite admirably against that weakening of the currency issue on quantitative easing. remember, for an export economy, this is not something they're so upset about. last, but not least, even our weakened partner in europe, we just discussed, look how the euro versus the dollar is at some of the best levels we've seen since early may. something to pay attention to. we also had empire index on the weak side. and minus 56 billion on october treasury, international
it's fascinating to look back towards europe. many hedge funds forsaking some of their short positions on the french fixed income market. and so their rates are moving a bit lower, as that buying comes in. but look at how the boon has such a different pattern. still a lot of anxieties in the european sector. there's going to be a lot of protests in spain, for example, today. foreign exchange, if we look at the dollar/yen, we look how quantitative easing is going to be a much more enhanced...
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Dec 27, 2012
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europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk. >> once you don't have to battle the god of re-election, everything changes. >> as we have seen in this country. >>> a winter storm slamming the east coast and impacting the northeast, after the break. >>> the latest place banks are turning to in the hunt for yield. am [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, mi
europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk....
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Dec 10, 2012
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bells are about to close across europe. we'll bring you the close and some of the details on the impacts here in just about 3 1/2 minutes. plus the head of u.s. equity portfolio strategy at barclays barry knapp will give us his ouk fo2013. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. >>> about 40 seconds until europe closes here. a lot to watch over there. simon hobbs, whether it's the data or just the sheer
bells are about to close across europe. we'll bring you the close and some of the details on the impacts here in just about 3 1/2 minutes. plus the head of u.s. equity portfolio strategy at barclays barry knapp will give us his ouk fo2013. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will...
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Dec 7, 2012
12/12
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the only disappointment has been data in europe. the scuttlebutt that some members wanted to cut which has put pressure on the euro today. >> german market up twice what we're up and i think people are shaking their heads that netherlands could be up. we don't see any data whatsoever that europe is doing better but belief that 2013 can't be as bad as 2012. german numbers were not good at all. it's a puzzle. >> we did get an earthquake in northeastern japan overnight. 7.3 is serious. looks like we dodged a bullet on that front as well. doesn't look like there's any damage as a result of that. >> i thought there would be a tremendous rebuilding effort in fukushima. it didn't happen because the ground is contaminated. the first question they asked over there were nuclear reactors apparently safe is the early word. >> we walk in on monday we'll have a lot of data out from china which could be important given the biggest weekly gain in shanghai in 13 months. that will be closely watched. industrial production and retail numbers will be o
the only disappointment has been data in europe. the scuttlebutt that some members wanted to cut which has put pressure on the euro today. >> german market up twice what we're up and i think people are shaking their heads that netherlands could be up. we don't see any data whatsoever that europe is doing better but belief that 2013 can't be as bad as 2012. german numbers were not good at all. it's a puzzle. >> we did get an earthquake in northeastern japan overnight. 7.3 is serious....
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Dec 12, 2012
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it's all about recapitalizing the banks in europe. >> something very important is happening in europe. the money is beginning to flow to where we want it in order to build the firewalls against contagion. after so much debate, a lot of the banks are higher in europe at the moment. importantly, yesterday spain got its 40 billion euros to recapitalize its banks. now in brussels, a finance ministers' meeting is beginning, which they will say, look, greece, we will make up the half billion that you're short on the bond buy-back. a deal is a deal. and this month, 34 billion euros will flow from bailout funds into the greek banks to recapitalize them. more importantly perhaps, tomorrow we go into a full meeting of all 27 heads of state of the european union. germany is back down. looks like we have a deal on banking union. the ecb will supervise all banks presumably in the euro zone. that means the ecb will be able to directly tap into those bailout funds and recapitalize the banks, plugging in across the euro zone. this is hugely important in building those firewalls against contagion. the
it's all about recapitalizing the banks in europe. >> something very important is happening in europe. the money is beginning to flow to where we want it in order to build the firewalls against contagion. after so much debate, a lot of the banks are higher in europe at the moment. importantly, yesterday spain got its 40 billion euros to recapitalize its banks. now in brussels, a finance ministers' meeting is beginning, which they will say, look, greece, we will make up the half billion...
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Dec 5, 2012
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if europe turns, china is strong. this is not a yum situation. >> those revenues are at 50% in 2012. this is a major, major group for starbucks. now they'll link rewards card to some of these products. you go to the supermarket and somehow that will be linked that reinforces the ecosystem so consumers can get rewards even if they buy starbucks products out of the store. >> short of the line, more complex the kitchen can be. the pipeline for new products in years to come. >> they have great stores. if the stores can handle more, gross margins could go up. remember, the price of coffee has come down dramatically. has the price of your cup of coffee come down? they don't really pass that on. >> it's like the prime rate when that gets lower. rough morning for pandora. ceo joe kennedy will discuss challenges facing that company later this morning live when he talks to julia boorstin and live coverage of the president with remarks on the fiscal cliff before the business roundtable. can he convince corporate leaders he has t
if europe turns, china is strong. this is not a yum situation. >> those revenues are at 50% in 2012. this is a major, major group for starbucks. now they'll link rewards card to some of these products. you go to the supermarket and somehow that will be linked that reinforces the ecosystem so consumers can get rewards even if they buy starbucks products out of the store. >> short of the line, more complex the kitchen can be. the pipeline for new products in years to come. >>...
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Dec 28, 2012
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as for europe, getting some data out of japan overnight and some data out of europe. currently red arrows across the board, in london, paris, and frankfort. our road map begins at the white house. congressional leaders set to meet with the president, 3:00 p.m. this afternoon. senator reid has already said hopes of a deal are fading quickly. just two trading days left until the cliff. and it's not just the fiscal cliff. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet wi
as for europe, getting some data out of japan overnight and some data out of europe. currently red arrows across the board, in london, paris, and frankfort. our road map begins at the white house. congressional leaders set to meet with the president, 3:00 p.m. this afternoon. senator reid has already said hopes of a deal are fading quickly. just two trading days left until the cliff. and it's not just the fiscal cliff. wind farms and dairy are set to get hit. >> the ports of the east...
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Dec 31, 2012
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markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing sud
markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in...
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Dec 21, 2012
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we've ignored a lot of good news in china and europe. so i think that in january, we get this behind us. i think the market probably has some reflex rally and upward buys. certainly it's going to affect the economy in the first half of the year, but the second half of 2013 will look a whole lot better than the second half of '12 did. >> good to see you. happy new year. >> same to you. >> research in motion stock falling today. can the blackberry maker turn the r.i.m. story around? we'll explore that next. you cah mild to moderate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as the dose inc
we've ignored a lot of good news in china and europe. so i think that in january, we get this behind us. i think the market probably has some reflex rally and upward buys. certainly it's going to affect the economy in the first half of the year, but the second half of 2013 will look a whole lot better than the second half of '12 did. >> good to see you. happy new year. >> same to you. >> research in motion stock falling today. can the blackberry maker turn the r.i.m. story...
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Dec 4, 2012
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as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and oracle will play out three-quarters of dividends this year. >>> more strength in housing this morning. toll brothers earnings top expectations. we'll begin with the fiscal cliff. governors are set to meet today with the president and congressional leaders. governors are concerned about the impact of deficit reduction measures on their state budgebu. the latest gop offer would overhaul the tax code, raise $800 billion in new revenue but seek $600 billion in health sav
as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the...
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Dec 26, 2012
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today's boxing today, so there's holidays throughout europe. continue to buy dips on the euro. leave a tight stop 131.20. look for three times on the upside, around 130, 133. tricky during holiday trading. keep it very simple and go with the trend. >> you know, andy, i'm interested that you've chosen to do that, because it flies in the face of an article written by the journal a couple of days ago in which they were suggesting that the fiscal cliff trade here whenever you get bad news from washington is buy the dollar as a safe haven. you're going the other way here. >> right. well, i think there's going to be some battles. i think most of the market feels you will get forward movement when congress comes back. you're going to get a very watered-down plan to punt this forward. that's something i've been telling clients for about three months. that's my expectation, punt forward, but not going to be very pleasant. >> good to see you, andy. hope you had a good holiday. andy busch with "money in motion." catch currency trading on friday at 5:30 p.m. eastern. if you want more educa
today's boxing today, so there's holidays throughout europe. continue to buy dips on the euro. leave a tight stop 131.20. look for three times on the upside, around 130, 133. tricky during holiday trading. keep it very simple and go with the trend. >> you know, andy, i'm interested that you've chosen to do that, because it flies in the face of an article written by the journal a couple of days ago in which they were suggesting that the fiscal cliff trade here whenever you get bad news...
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Dec 20, 2012
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the nyse does not have a clearing business in europe and ice does not have an equity business. so this will likely go through with regulators. the two have agreed the ice will clear in the nyse in london for the european futures and derivatives business. that's really what the jewel of this deal is. with this in effect, duncan doing this deal has basically, you know, locked it up, putting a limit on any other players coming in and wanting to pay up because nobody's going to try to come in and try to break this deal up because of the clearing business. it's clear they won't be able to break up the clearing agreement which is in place and makes trying to break this deal up way too expensive for anybody else. sources have mentioned the cme to me, as well as the hong kong exchange as players who may want to try and break this up. but, again, my sources say no way they're going to do that because of this clearing agreement that has been done and is in place. >> that is fascinating, maria. it does appear to have been cleverly constructed. hard to imagine that the cme is going to take
the nyse does not have a clearing business in europe and ice does not have an equity business. so this will likely go through with regulators. the two have agreed the ice will clear in the nyse in london for the european futures and derivatives business. that's really what the jewel of this deal is. with this in effect, duncan doing this deal has basically, you know, locked it up, putting a limit on any other players coming in and wanting to pay up because nobody's going to try to come in and...
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Dec 24, 2012
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we hit europe again as we had the last two years previously. but this last quarter, i think there's been a lot more optimism, even with the fiscal cliff sitting there, as sort of this potential, real roadblock at the end of the year. perhaps even too much optimism some would say. when you speak to ceos, there's still a lack of confidence, i would argue on the part of many of them, that you would like to see more of. perhaps a reflection of their concerns about the fiscal crisis that may weigh on our tax spending policies. >> we'll start over the next week or so talking about performers for the year. top s&p performer is pulty, which says how people are viewing how people will view what's driving the economy in the coming year. bank of america has doubled. worst performer on the dow, hpq. there will be crystallizations of what happened overall. >> the perspective on this whole thing is the s&p 500 is still up 14% year-to-date. despite the extraordinary circumstances, it's been a gang buster year for the markets. unfortunately, the average u.s. i
we hit europe again as we had the last two years previously. but this last quarter, i think there's been a lot more optimism, even with the fiscal cliff sitting there, as sort of this potential, real roadblock at the end of the year. perhaps even too much optimism some would say. when you speak to ceos, there's still a lack of confidence, i would argue on the part of many of them, that you would like to see more of. perhaps a reflection of their concerns about the fiscal crisis that may weigh...
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Dec 13, 2012
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as for the picture in europe, take a look there. really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. >> and google maps has found its way back into apple's operating system. >> of course, we have to start off with the markets. dow's five-day winning streak has been snapped, despite the fed announcing a new round of stimulus. chairman ber bernanke say worries about the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set
as for the picture in europe, take a look there. really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >>...